New York City Council Member Farah N. Louis introduced Introduction 0978, landmark legislation expanding household income eligibility for the Senior Citizens Rent Increase Exemption (SCRIE) and Disability Rent Increase Exemption (DRIE) programs from $50,000 to $75,000. The bill seeks to protect low-income seniors and residents with disabilities from rising housing costs and neighborhood displacement.
“We must protect our low-income residents from being priced out of neighborhoods they call homes for decades,” said Council Member Louis. “This bill addresses the eligibility challenges we face, strengthening housing security for tenants, ultimately lowering tenant turnover for landlords and reducing eviction risk.”
Read the full coverage on The Real Deal (link).